Answer to Question #140510 in Economics for Reatlegile

Question

Assume that the price of a pair of jeans is R250 per unit, while a pair of shoes is 

R100 per pair. The maximum combination of shoes and jeans that a consumer can 

purchase with R1000, assuming all the income is spent, is

Answer 1

The maximum combination of shoes and jeans that a consumer can purchase with R1000, assuming all the income is spent, is either 4 pairs of jeans and no shoes, or 2 pairs of jeans and 5 pairs of shoes, or 10 pairs of shoes and no jeans.